Crypto License in Montenegro
Everything you need to know about the crypto license in Montenegro.
- Potentially suits any kind of project
- A fast-growing European country that may join the EU
- Exceptionally business-friendly jurisdiction and regulator
- One of the lowest tax rates in the whole European Economic Area
Legal experts in designing solutions for crypto licensing worldwide.
Certified ACAMS consultant with 5+ years experience in compliance and FinTech regulations.
Cost of Crypto License in Montenegro
Pricing for registration of Montenegro Crypto License.
Legal experts in designing solutions for crypto licensing worldwide.
+44 20 4577 0974
Certified ACAMS consultant with 5+ years experience in compliance and FinTech regulations.
+44 20 4577 0974
Consultation about setting up a licensed crypto company in Montenegro
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Initial consultation
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Turnkey Company Formation
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Registration as VASP with the Regulator
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Registered legal company address for 1 year
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Basic (mandatory) AML/KYC Policy
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Full communication with VASP Issuing authority for obtainment of authorization
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Translated and apostilled set of corporate documents
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Assistance in opening Business account for crypto operating activity
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Assistance in formulating requirements, finding, interviewing and written agreement with AML/MLRO for your crypto company
Full turnkey crypto company formation and support in all necessary aspects
-
Initial consultation
-
Turnkey Company Formation
-
Registration as VASP with the Regulator
-
Registered legal company address for 1 year
-
Basic (mandatory) AML/KYC Policy
-
Full communication with VASP Issuing authority for obtainment of authorization
-
Translated and apostilled set of corporate documents
-
Assistance in opening Business account for crypto operating activity
-
Assistance in formulating requirements, finding, interviewing and written agreement with AML/MLRO for your crypto company
A few words about us from our esteemed clients
LegalBison helped us navigate a space that’s often uncertain and complex, which gave us the confidence to move forward with our project.
LegalBison excels at adapting to challenges and demonstrates a perfect understanding of our business needs.
Best company for Crypto Licenses! Kudos to the team for making the incorporation of our company really smooth
Quick set-up and straightforward process. It was a smooth process, we are happy to have chosen LegalBison as our Partner for incorporations, globally.
As a result of the fruitful cooperation with LegalBison, Yellow Card obtained a VASP registration, fast and without any legal complications.
The team of LegalBison was very helpful and fast in supporting my company’s structural set up. They are undoubtedly top-level experts when it comes to licensing and registrations in the crypto and web3 industry. Highly recommend!
General information about the Montenegro Crypto License
Possible activities with a crypto license in Montenegro
The activities that your company can perform with a Montenegro VASP license include:
- Crypto exchange;
- OTC exchange;
- Custody;
- ICO & ITO;
- DeFi and DEX.
Who regulates crypto companies in Montenegro
The Central Bank of Montenegro provides crypto companies with a regulatory sandbox for their activities.
Requirements to obtain a crypto license in Montenegro
Below, you can see the basic requirements for a successful obtainment of a crypto license in Montenegro.
- Company formation in Montenegro;
- Local office space;
- Constant monitoring of changes to AML laws and requirements applying to the jurisdiction;
- Certificate of non-criminal record from all participants (shareholders, directors, compliance officers) that should not be older than 3 months;
- One page describing the exact services planned to be offered in the first few months;
- Basic business plan;
- A technical solution for your online services.
The process to obtain a crypto license in Montenegro
Follow these steps with the assistance of a professional lawyer to register your crypto business in Montenegro fast.
- Register a company in Montenegro;
- Rent an office space;
- Design accurate documentation explaining your business plan;
- Submit an application for the regulatory sandbox to the Central Bank;
- Note that the Central Bank may ask for extra interviews, credentials, and information;
- Start your business.
- Suitable activities with this license
- Regulatory authorities in Montenegro
- Requirements
- Licensing Process
Possible activities with a crypto license in Montenegro
The activities that your company can perform with a Montenegro VASP license include:
- Crypto exchange;
- OTC exchange;
- Custody;
- ICO & ITO;
- DeFi and DEX.
Who regulates crypto companies in Montenegro
The Central Bank of Montenegro provides crypto companies with a regulatory sandbox for their activities.
Requirements to obtain a crypto license in Montenegro
Below, you can see the basic requirements for a successful obtainment of a crypto license in Montenegro.
- Company formation in Montenegro;
- Local office space;
- Constant monitoring of changes to AML laws and requirements applying to the jurisdiction;
- Certificate of non-criminal record from all participants (shareholders, directors, compliance officers) that should not be older than 3 months;
- One page describing the exact services planned to be offered in the first few months;
- Basic business plan;
- A technical solution for your online services.
The process to obtain a crypto license in Montenegro
Follow these steps with the assistance of a professional lawyer to register your crypto business in Montenegro fast.
- Register a company in Montenegro;
- Rent an office space;
- Design accurate documentation explaining your business plan;
- Submit an application for the regulatory sandbox to the Central Bank;
- Note that the Central Bank may ask for extra interviews, credentials, and information;
- Start your business.
Alternatives to a crypto license in Montenegro
Our team has curated the following jurisdictions as being worthy alternatives to a crypto licensed company in Montenegro.
Crypto License in Georgia
on request-
Fast crypto licensing
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Simple framework
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Free Zone advantages
Crypto License in El Salvador
on request-
Bitcoin is legal tender
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Pro-crypto regulations
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High reputation
Crypto License in Gibraltar
on request-
Low taxes
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Flexible license
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Crypto-friendly country
Crypto License in Argentina
on request-
Simple framework
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Low price
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Fast VASP set-up
MiCA CASP License in Malta
from 3,300 €-
Business friendly EU country
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Fully remote structure
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Bank account opening is fast
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High reputation
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Financial business hub
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Offshore jurisdiction
About Crypto License in Montenegro
Your company must have an office in Montenegro. Depending on the assessment of the Central Bank on your project, it is possible that they expect you to hire people on-site. LegalBison will promptly assist you in finding the right people on demand.
Yes, our crypto experts have a long record of successful experiences in registering crypto companies.
Yes, this is possible, but you will have to present a certificate of non-criminal record (also of a legal entity). We recommend sticking to individuals.
Possibly, but it might be difficult. As the current regulatory sandbox is designed to acquire experience on new grounds for the Montenegro Central Banks, its requirements will eventually change before the country joins the EU in 2025 or after.
Yes, with the correct documentation, this is possible. If your coin or token qualifies as security, you may be required to notify the Central Bank.
Start your crypto company in Montenegro today
Request more information about the crypto license in Montenegro now.
An expert will provide you with guidance for free.
Legal experts in designing solutions for crypto licensing worldwide.
Certified ACAMS consultant with 5+ years experience in compliance and FinTech regulations.